en.Wedoany.com Reported - NVRO Metals announced it will acquire Northern Territories Resources (NTR) for C$27.9 million. Upon completion of the transaction, NTR's assets will be consolidated into the NVRO Metals Hub, a critical mineral production platform leveraging the NVRO Process technology.

NTR holds 48 mineral tenements in Australia's Northern Territory, including mining and exploration licenses, an existing hydrometallurgical processing facility with supporting infrastructure, and a polymetallic resource base containing copper, cobalt, silver, lead, zinc, and nickel (the resource estimate is based on a historical report prepared in 2006 in accordance with the JORC Code).

The newly established Metals Hub plans to integrate the existing hydrometallurgical facility with the proprietary NVRO Process to support subsequent customer validation projects, commercial processing operations, and precious and critical metal recovery initiatives. NVRO Metals Executive Chairman David Cam stated that establishing this platform marks a significant milestone for the company, bringing together proprietary technology, industrial-scale processing facilities, and near-term production capacity for the first time, which is expected to accelerate the deployment of the NVRO Process while generating operational cash flow. He added that this acquisition will not alter the company's core strategy of technology licensing, and the Metals Hub will provide the necessary infrastructure for the global promotion of the NVRO Process while serving multiple customer demands.

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